Baris ERKAYA Portfolio investments followed the acquisition of Turkish banks by giant banks. At the beginning of 2002, it had risen to over 40 percent again. Meanwhile, the government in Turkey had changed and after a long time the excitement of a single-party rule dragged the index along with it. EU STORY AND THE CHEAP EXCHANGE After that, an even greater expectation took its turn to drag the agenda. Turkey’s EU membership process. In fact, the process that started in 1999 was interrupted and it was not possible for Turkey, which had become a candidate country, to start membership negotiations.…
Author: Anton Kovačić
We all hoped that 2022 would be the year of return to normalitywith covid-19 continuing to be a concern but not a threat.In economic terms, the expectations pointed to considerable global growthcontinuing the year 2021, with an economic dynamic boosted by increased consumption (higher demand), the creation of jobs and the real rise in wages.2022 – Unexpected eventThe projections for the year 2022 were based on the data that were known, but as the world is dynamic, situations always arise that we do not expect. The Russia-Ukraine conflict has been an important issue in the period we are going through..…
President Biden held an online meeting with the top executives of General Motors, Cummins, AFL-CIO, Kaiser Permanente, UAW, Carrier and Ameren to discuss the bill, called the “Reducing Inflation Act.” In addition to the top managers of the companies in question, US Treasury Secretary Janet Yellen and US National Economic Council Director Brian Deese also attended the meeting. In his speech at the meeting, Biden gave information about the 430 billion dollar bill to reduce inflation. Noting that the bill would lower healthcare costs for millions of Americans, Biden said the bill would give health insurance Medicare the power to…
In recent months we have witnessed a general increase in prices. To get an idea of the impact on our portfolio, the price of the basket of essential foodstuffs rose by 0.37% (plus 0.74 cents) only between the 13th and 20th of July, now costing a total of 205.54 euros. On the other hand, since the beginning of the war in Ukraine until today, the price of the same basket has already increased by 21.91 euros (11.94%).Which products have increased the most in the last week?Thus, in that week of July, the 10 essential goods which registered the biggest price…
Lux Plastik, which exports to nearly 100 countries in 5 continents, announced its new market strategies and targets. Burak Önder, Founding President of the Home and Kitchenware Manufacturers and Exporters Association (EVSID) and General Manager of Lux Plastik, said that in the new period, they will focus on developed markets, including Europe, Latin America and the Far East. Noting that they exported their products to 119 countries in 2021 and to 93 countries in 2022, with the policies of putting eggs in different baskets, while initially exporting mostly to the Middle East and a little to the European Union, Önder…
Şişecam, a global player with production activities in 14 countries on four continents and sales in more than 150 countries, announced its financial results for the first half of 2022. In the first half, Şişecam’s consolidated net sales reached 40.2 billion TL, while the share of international sales, which represents the sum of exports from Turkey and sales from overseas production, in consolidated sales was 62 percent. Şişecam, which produced 2.9 million tons of glass in the first half, produced 2.4 million tons of soda ash and approximately 2.1 million tons of industrial raw materials in this period. Evaluating the…
At vacancies for access to higher education in Portugal for the next academic year have increased again. The main highlight goes to the Basic Education courses and 22 new degrees in science and technology. According to the Ministry of Science, Technology and Higher Education (MCTES), this year there are about 53,640 vacancies in the various higher education institutions to which you can apply. In recent years there has been an increase in vacancies which has resulted in a maximum number of students placed. Now the number of vacancies increases again by approx. 2.6% compared to 2021.Also read: 7 tips to…
Esra OzarfatBURSA – Bursa’s most established printing house, educational materials developer and producer, Renk Vizyon, gathered its 20 years of experience in the box and mind games industry under the name Toli Games in 2019, making a rapid entry into the market. The most important feature that makes Toli Games stand out in the sector is that it is the only board game company in Turkey that produces its own products in a production area of 10 thousand square meters and offers them to the market. Said Bucak, Sales and Marketing Director of Toli Games, who explained that they made…
THE Tax Authority may make a mistake in its accounts. In these situations, do you know what to do? The first step is to present a graceful complaint for the State to review the amounts it is charging. the grace claim is provided for in the General Tax Law, and translates into an instrument available to the taxpayer to contest possible errors on the part of the tax authorities (it can happen in an IRS declaration or in any other tax). This claim is simple and free. You can do it directly through the Finance Portal. From there, the tax…
Aysel YÜCEL / AUTONOMITAYSAD President Albert Saydam signaled that new model investments in the Turkish automotive industry are on the way. Saydam said that with the new platform investments to be announced in the last quarter of the year, they expect Turkey’s automotive production to be above the estimates in international reports. Saydam stated that several brands producing in Turkey are in talks for new platform investments and said, “We hope that these investment negotiations will result in a signature. However, at this point, we think that the course of domestic market sales will also be decisive.” Albert Saydam, President…